Chlorides And Phosphorus Oxychloride And Halides Market

The global market for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals is expected to see continued growth in both volume and value over the next eight years, with consumption trends showing an upward trajectory. By 2030, the market volume is projected to reach 8.8M tons, with a value of $91.6B. The United States leads in both consumption and production of these substances, with other key players including China, India, and Japan. Imports and exports of these materials are also on the rise, with significant differences in average prices amongst exporting countries.

Market Forecast

Driven by increasing demand for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.7% for the period from 2022 to 2030, which is projected to bring the market volume to 8.8M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.1% for the period from 2022 to 2030, which is projected to bring the market value to $91.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals

Global consumption of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals expanded slightly to 7.7M tons in 2022, picking up by 4.2% against the year before. Over the period under review, the total consumption indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.1% against 2020 indices. Over the period under review, global consumption of hit record highs at 7.9M tons in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

The value of the market for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals worldwide rose to $66.3B in 2022, with an increase of 3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.1% against 2020 indices. Global consumption peaked at $68.4B in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The United States (3.7M tons) constituted the country with the largest volume of consumption of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals, accounting for 47% of total volume. Moreover, consumption of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals in the United States exceeded the figures recorded by the second-largest consumer, China (926K tons), fourfold. India (326K tons) ranked third in terms of total consumption with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in the United States was relatively modest. The remaining consuming countries recorded the following average annual rates of consumption growth: China (+5.0% per year) and India (+4.6% per year).

In value terms, the United States ($33.1B) led the market, alone. The second position in the ranking was taken by Japan ($4B). It was followed by Turkey.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States was relatively modest. In the other countries, the average annual rates were as follows: Japan (+1.0% per year) and Turkey (+16.1% per year).

In 2022, the highest levels of per capita consumption of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals was registered in the United States (11 kg per person), followed by France (2.7 kg per person), the UK (2.6 kg per person) and Italy (2.5 kg per person), while the world average per capita consumption of chlorides and phosphorus oxychloride and halides was estimated at 1 kg per person.

From 2012 to 2022, the average annual growth rate of the per capita consumption of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals in the United States was relatively modest. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: France (+7.4% per year) and the UK (+7.0% per year).

Production

World Production of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals

In 2022, approx. 7.7M tons of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals were produced worldwide; growing by 4.2% compared with the previous year's figure. In general, the total production indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.2% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 26%. Over the period under review, global production of reached the peak volume at 7.8M tons in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In value terms, production of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals skyrocketed to $82.5B in 2022 estimated in export price. Overall, production saw a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 31% against the previous year. Global production peaked in 2022 and is likely to continue growth in the immediate term.

Production By Country

The country with the largest volume of production of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals was the United States (3.6M tons), accounting for 48% of total volume. Moreover, production of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals in the United States exceeded the figures recorded by the second-largest producer, China (964K tons), fourfold. India (333K tons) ranked third in terms of total production with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume in the United States was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: China (+4.7% per year) and India (+4.8% per year).

Imports

World Imports of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals

In 2022, supplies from abroad of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals increased by 4.2% to 168K tons, rising for the second consecutive year after two years of decline. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 20% against the previous year. As a result, imports reached the peak of 174K tons. From 2015 to 2022, the growth of global imports of remained at a somewhat lower figure.

In value terms, imports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals surged to $994M in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports By Country

Taiwan (Chinese) (28K tons), the UK (24K tons), Japan (18K tons), South Korea (16K tons), the United States (15K tons), Germany (10K tons), Belgium (8.4K tons), Spain (7.1K tons), the Philippines (4.8K tons), China (4.5K tons), France (4.2K tons) and Malaysia (3.7K tons) represented roughly 86% of total imports in 2022.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +44.9%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest chlorides and phosphorus oxychloride and halides importing markets worldwide were Taiwan (Chinese) ($241M), South Korea ($121M) and Japan ($100M), with a combined 47% share of global imports. China, the United States, the UK, Germany, Spain, Belgium, France, Malaysia and the Philippines lagged somewhat behind, together comprising a further 33%.

Among the main importing countries, Spain, with a CAGR of +20.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average import price for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals stood at $5,908 per ton in 2022, with an increase of 11% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2015 an increase of 17% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($21,377 per ton), while the Philippines ($603 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.3%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Chlorides And Chloride Oxides Of Phosphorus And Halides And Halide-Oxides Of Non-Metals

In 2022, shipments abroad of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals increased by 4.2% to 147K tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by 40%. Over the period under review, the global exports of reached the peak figure at 156K tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals rose markedly to $926M in 2022. The total export value increased at an average annual rate of +4.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports By Country

Germany (57K tons) and China (42K tons) represented roughly 67% of total exports in 2022. Poland (9.9K tons) held the next position in the ranking, followed by India (8.6K tons), the United States (8.3K tons) and South Korea (7.7K tons). All these countries together took approx. 23% share of total exports. Japan (4.1K tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Poland (with a CAGR of +34.2%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest chlorides and phosphorus oxychloride and halides supplying countries worldwide were South Korea ($227M), China ($214M) and Germany ($148M), together comprising 64% of global exports. Japan, the United States, India and Poland lagged somewhat behind, together accounting for a further 27%.

Poland, with a CAGR of +33.9%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average export price for chlorides and chloride oxides of phosphorus and halides and halide-oxides of non-metals stood at $6,305 per ton in 2022, increasing by 8.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2016 an increase of 16% against the previous year. The global export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($29,450 per ton), while Poland ($1,303 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform